Five Below (NASDAQ:FIVE) Issues Q4 2024 Earnings Guidance

Five Below (NASDAQ:FIVE) updated its fourth quarter 2024 earnings guidance on Friday. The company provided earnings per share guidance of 3.230-3.410 for the period, compared to the consensus earnings per share estimate of 3.380. The company issued revenue guidance of $1.4 billion-$1.4 billion, compared to the consensus revenue estimate of $1.4 billion. Five Below also updated its FY 2024 guidance to 4.780-4.960 EPS.

Analyst Ratings Changes

A number of brokerages have recently issued reports on FIVE. Truist Financial upped their target price on shares of Five Below from $88.00 to $118.00 and gave the company a “hold” rating in a research note on Thursday, December 5th. Craig Hallum increased their price objective on shares of Five Below from $125.00 to $150.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Telsey Advisory Group reiterated a “market perform” rating and set a $115.00 price objective on shares of Five Below in a research note on Tuesday, January 14th. Wells Fargo & Company increased their target price on Five Below from $115.00 to $135.00 and gave the stock an “overweight” rating in a research report on Thursday, December 5th. Finally, Mizuho increased their price objective on shares of Five Below from $90.00 to $105.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Five Below currently has a consensus rating of “Hold” and an average target price of $115.75.

Five Below Stock Performance

NASDAQ:FIVE opened at $93.01 on Friday. The company has a market capitalization of $5.12 billion, a price-to-earnings ratio of 19.16, a PEG ratio of 1.27 and a beta of 1.14. Five Below has a 52 week low of $64.87 and a 52 week high of $212.01. The company has a 50-day moving average of $99.60 and a 200-day moving average of $90.36.

Five Below (NASDAQ:FIVE) last issued its quarterly earnings data on Wednesday, December 4th. The specialty retailer reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.26. Five Below had a return on equity of 18.03% and a net margin of 7.02%. The company had revenue of $843.71 million during the quarter, compared to analysts’ expectations of $801.48 million. During the same period last year, the business earned $0.26 earnings per share. The business’s revenue was up 14.6% on a year-over-year basis. Sell-side analysts forecast that Five Below will post 4.93 EPS for the current year.

Insider Buying and Selling

In other Five Below news, CAO Eric M. Specter sold 5,494 shares of the business’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $90.76, for a total transaction of $498,635.44. Following the completion of the sale, the chief accounting officer now directly owns 57,267 shares of the company’s stock, valued at approximately $5,197,552.92. The trade was a 8.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.90% of the stock is currently owned by corporate insiders.

About Five Below

Five Below, Inc operates as a specialty value retailer in the United States. The company offers range of accessories, which includes novelty socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and t-shirts, as well as nail polish, lip gloss, fragrance, and branded cosmetics; and personalized living space products, such as lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, accent furniture, and related items, as well as provides storage options.